Welcome back everyone!
Today was another tremendous session, successfully calling the high of the session and executing a significant sell-off through the 5460 target. I was extremely vocal about this level. Additionally, I predicted an overnight sell-off down to 5480, which turned out to be the low of the night. When the market opened, we sold off from my level, continuing through 5460 for an additional 20 handles. Later, I called for long positions on MSFT and SPY/SPX. Although MSFT did not perform as expected due to negative earnings, SPY/SPX experienced substantial rallies into the close. Today could not have gone any better.
Throughout the day, I provided several updates. Initially, I posted updates on X (formerly Twitter) and later transitioned to Substack chat. On X, I detailed the market's movement from the high to the low. In the chat, I provided calls into the close that worked out phenomenally.
Today's newsletter will be brief, as I plan to be very active in the chat tomorrow.
That’s all for now. Time to cover my analysis for tomorrow!